	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,416	£7,527	£7,640	£7,831	£8,027	£38,441
Total Expenses	£11,911	£11,973	£12,025	£12,086	£12,148	£60,143
Profit Before Tax	£-4,495	£-4,445	£-4,385	£-4,255	£-4,121	£-21,701
Profit After Tax	£-4,495	£-4,445	£-4,385	£-4,255	£-4,121	£-21,701
Change In Property Value	£3	£5,700	£10,175	£13,539	£9,433	£38,850
Net Return	£-4,493	£1,255	£5,790	£9,285	£5,311	£17,148
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-25%
Total Net Return (%)	-5%	1%	7%	11%	6%	19%